Cisco Buys Duo Security for $2.35 Bln

Cisco has struck a deal to acquire identity and authentication services provider Duo Security in a cash transaction worth $2.35 billion. The cybersecurity major will integrate Duo’s product offering into its own platforms.

Duo’s zero-trust security platform Beyond checks and confirms the identity of device and network users and the safety of their devices before granting them access to networks and applications to prevent breaches.

According to Cisco, Duo’s products will help it enhance its own cybersecurity capabilities, and facilitate endpoint protection by enhancing visibility in this segment. It will also simplify its policy for cloud security, the buyer said.